DSE, CSE stocks slip at close despite early gains

DSE, CSE Logos

Dhaka, Mar 3— Stocks ended lower on both bourses on Wednesday, reversing early gains, while overall turnover declined significantly on the day.

At the Dhaka Stock Exchange (DSE), the benchmark DSEX index shed 2 points at the close. The Shariah-based DSES remained unchanged, while the blue-chip DS30 index declined by 4 points.

Despite the marginal fall in indices, most listed companies posted gains. Of the traded issues, 227 advanced, 112 declined and 54 remained unchanged.

Turnover at the DSE fell sharply to over Tk 580 crore, down from Tk 885 crore in the previous session.

In the block market, shares worth Tk 28 crore from 36 companies were traded. Orion Infusion PLC led the segment with nearly Tk 14 crore in transactions.

Among the day’s top performers, Sea Pearl Beach Resort & Spa Limited gained nearly 7 percent to top the advancers’ chart, while GSP Finance Company (Bangladesh) PLC plunged around 10 percent to emerge as the worst loser on the DSE.

The Chittagong Stock Exchange (CSE) also closed in the red, with its broad index CASPI losing 68 points.

Most issues on the CSE declined, as 96 companies saw price erosion against 58 gainers, while 16 remained unchanged.

Turnover at the port city bourse dropped nearly threefold to Tk 8 crore, compared to Tk 23 crore in the previous session.

Zahintex Industries Limited rose 10 percent to lead the gainers at the CSE, while Hakkani Pulp & Paper Mills PLC fell nearly 10 percent to bottom the losers’ list. - UNB